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Internship Rejections Help

So I am currently in the process of searching for an internship in a finance role, applied to around 15 different places and been rejected from most and haven't heard from the rest. My CV and cover letter both are well formatted and created to each job specification, requirements are met yet I have been getting nothing but rejections. I have clearly demonstrated my skills, experience and qualifications. It almost feels pointless to even apply anymore. Has anyone else been in the same situation, am I doing something wrong or should I just continue searching and hope I can land an interview at the very least. Any help appreciated.Note: Most of the applications aren't sent to global financial banks.

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